Savings Category: Replacement Window Savings

Description

Value You Can Measure

Highland homeowners have many valid reasons to upgrade their windows. Upgrading broken windows, revamping the aesthetics of your home etc… Other such benefits can be counted quite precisely.

For starters, windows conserve about 72.3 percent of their initial purchase value in New England according to the Remodeling 2020 Cost vs. Value Report. This puts windows among the top 5 home improvement investments in terms of value retention.

In terms of energy savings, homes in Highland, will most probably experience dramatic decreases on annual expenditures for electricity. If you already have dual pane windows you could save around $192.31 compared to $174 in Buffalo. By comparison, when upgrading single-pane windows to National Vinyl’s EnergyStar rated windows you may save approximately $568.25 per year, compared to $452 in Buffalo.

Improve your Highland Home’s Asking Price through Energy Savings

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Replacing your windows to EnergyStar rated National Vinyl windows may increase the value of your home. As mentioned before, windows preserve most of their initial value especially given their long life expectancy. At a rate of 72.3% estimated for 2020 an average total window replacement job costing $17,925 would preserve $13,018 of its initial value.

In addition, many buyers are willing to pay a premium for energy savings. Here we try to answer the question : What’s the return on investment on energy savings if you sell your home? This is what we found in Highland:

Basic Dual-Pane to National Vinyl

If you already have dual-pane windows (non-EnergyStar rated), in Highland, your home value could increase by between $1153.85 and $1688.46 for a mid-tier or top-tier Highland home respectively. For comparison, the same upgrade in Buffalo could add somewhere between $1044 and $1527.72.

Single-Pane to National Vinyl

When upgrading from low-efficiency single-pane windows, the potential is even greater. Highland homeowners could yield an estimated home value gain of between $3409.53 for mid-tier homes and $4989.28 for the top tier. Compare this to between $2712 and $3968.56 in Buffalo.

In other words, a window investment in Highland can add between 0.51% percent and 2.19 % percent to the value of your home via the energy efficiency premium buyers have shown a willingness to pay. Add to this the aforementioned +72.3% retained upfront worth of your windows, and National Vinyl’s lifetime warranty, the value proposition for a Highland homeowner is quite clear.

The variation between the range for Highland and Buffalo, which for reference, would yield a potential premium range of 0.46% percent and 0.67% percent respectively, is dependent on a number of factors, principally; the 1.17% percent difference in median home prices, a buyers’ willingness to pay more for energy savings at a given price range in the Kingston region, and heating & cooling price differences between Highland and Buffalo.

The data presented is extrapolated from EnergyStar, the NREL,Department of Energy and incredible research performed by the NAHB. Highland home value data is provided by Zillow.

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Energy Savings & ROI: Highland vs the rest of New York

Find out how investing in new windows in Highland compares to other nearby New York cities.